September 21, 2010
– Atlas Air Worldwide Holdings, Inc. (AAWW), a leading global provider
of air cargo assets and outsourced aircraft operating solutions,
confirmed that its subsidiary, Atlas Air, Inc. (Atlas Air), has entered
into a contract with TNT Airways, the Belgium-based aviation division of
TNT, N.V. (Euronext Amsterdam).

Under the
agreement, Atlas Air will provide Boeing 747-400 Freighter service for
TNT’s international express air network under an Aircraft, Crew,
Maintenance and Insurance (ACMI) agreement. The 747-400F aircraft, which
began operations for TNT Airways’ long-haul network on September 15,
will be based at TNT’s European base of
Liege, Belgium.

Atlas Air’s fleet
of 747-400 aircraft represents one of the most efficient freighter
fleets in the market. The 747-400 is the industry benchmark for
operating performance in the long-haul, intercontinental air freighter
market due to its cost and capacity advantage over other freighters.

“We are very pleased to add TNT Airways to our portfolio of ACMI
customers. TNT Airways operates a significant Express Air network
including hubs and offices providing TNT Express connectivity across 200
countries. As the leading outsource provider of 747-400F aircraft with a
global platform serving 270 destinations in 105 countries, Atlas Air
will provide highly reliable service to TNT as it continues to expand
its business in emerging markets” said William J. Flynn, President and
Chief Executive Officer of AAWW.

Niky Terzakis,
Managing Director, TNT Airways, said, “We are very pleased to be
entering into this agreement with Atlas Air. Both companies are focused
on providing excellent service and reliability in the
business-to-business space. Our role is to transfer goods and documents
tailored to customers’ requirements with a focus on time-definite and
day-definite pick up and delivery. We know we have found an excellent
business partner in Atlas Air.”

TNT is located at
LiegeAirport, with two
different complementary companies; TNT EuroHub and TNT Airways, both
belong to the Express division of the TNT Group. Every night, 40 planes
and more than 130 trucks arrive at the European air hub. More than 1,900
people work for TNT at the Liege site.

It takes
approximately one hour to sort and load the parcels coming into the hub
by road into the planes. About 430,000 parcels and 2,700 tons per week
are sorted in the hub. They are all scanned, thanks to the use of radio
frequency technology. Most of the work is done at night at the European
Sort Center of Liege but the operations take place 24 hours a day, seven
days a week.

TNT’s Express
division is one of the world’s leading express delivery services
providers. It delivers 4.4 million parcels, documents and pieces of
freight a week to over 200 countries using its network of 2,409 depots,
hubs and sorting centers. The division operates 26,310 road vehicles, 48
aircraft and has the biggest door-to-door air and road express delivery
infrastructure in Europe.

The
company

employs over 78,000 staff worldwide. It is the first organization to
have achieved global recognition as an Investor in People. The division
reported revenues of €5.956 billion in 2009. The operating income was
€193 million.